Short Interest in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Declines By 63.0%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 23,062 shares, a decrease of 63.0% from the May 31st total of 62,330 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 172,521 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Betterment LLC boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares during the last quarter. Kendall Capital Management boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after purchasing an additional 23,566 shares during the period. Ameriprise Financial Inc. boosted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% during the third quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after buying an additional 52,405 shares during the period. Cheviot Value Management LLC boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after acquiring an additional 72,245 shares during the last quarter. Finally, Farmers National Bank boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock worth $22,949,000 after purchasing an additional 104,459 shares during the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock traded up $0.03 during trading on Monday, hitting $23.82. 164,077 shares of the company’s stock traded hands, compared to its average volume of 157,642. The firm’s fifty day moving average price is $24.03 and its 200 day moving average price is $24.08. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund has a twelve month low of $23.60 and a twelve month high of $24.49.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

The FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is an exchange-traded fund that is based on the iBoxx 5-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with a targeted duration of roughly five years. TDTF was launched on Sep 19, 2011 and is managed by FlexShares.